New York
- If your income in retirement does not decreases, it is a good
change that your tax bracket will not either. If you've saved
substantially during your working years, you may actually be in the same
or a higher tax bracket when you retire.

In order to calculate your
exact tax bracket, you need to calculate what your known taxable income
will be. This includes the following income:

Distributions relating to
an IRA,

401-K plans

Social security

Corporate benefit plans

Dividends and interests

Compare your retirement income
with your pre-retirement income and adjust your deductions accordingly.

Tax law and issues are every
changing and is extremely complicated. Even if you always did your own
taxes and plan on doing so when you retired, you should consulting with an
independent Fee-Only financial adviser to ensure there are matters that
you have not overlooked.